As the Dogecoin (DOGE) price struggles just to the north of its 21 and 50DMAs, holders are flocking to a new DOGE alternative called Dogeverse (DV) as they bet on potential 100x returns.
The Dogecoin price is set to close out May up a solid 20%. That said, it’s still down around 30% from its earlier yearly highs.
At current levels around $0.16, Dogecoin’s bullish momentum has pretty much petered out.
As Dogecoin threatens a retest of recent lows, holders are checking out a new DOGE alternative called Dogeverse. Source: TradingView
Dogecoin might push higher and retest its yearly highs above $0.22 if next week’s US data provides macro tailwinds.
But it could just as easily retest recent lows around $0.12. Given the market’s lack of conviction, it’s no surprise to see Dogecoin holders flock to exciting new alternative Dogeverse.
New DOGE Alternative Dogeverse (DV) – Can It 1,000?x?
New DOGE alternative Dogeverse is a fun new meme coin that aims to be the multi-chain equivalent of Dogecoin.
It will launch across the six most used blockchains (excluding Bitcoin) and comes with useful in-built cross-chain capabilities.
Most meme coins like Dogecoin lack clear utility. Dogeverse has no such problem, with some betting is could become a highly popular inter-blockchain bridging asset.
With a snap of his fingers, multi-chain becomes a reality! #Memecoins #Solana #Ethereum #Crypto #MemeCoinSeason #Marvel #Avengers pic.twitter.com/xI5ysV5HED
— DogeVerse (@The_DogeVerse) May 30, 2024
As a result, Dogeverse is generating considerable excitement in meme coin investing circles.
It’s no surprise then that its presale has already raked in well over $15 million.
DeFi degens have also been flocking to the token to benefit from its impressive staking rewards program.
As per the official Dogeverse website, presale investors are currently receiving an APY rate of 42%. That easily ranks it one of the best crypto coins to stake right now.
Interested investors better get in quick, with the presale closing in just over two days.
Only 3 days left till the #Presale ends!
Last chance to get $DOGEVERSE!
The first #DOGE meme token built on a multi-chain network spanning #Ethereum, #BNB Chain, #Polygon, #Solana, #Avalanche and #Base! #Memecoins #Altcoins #Crypto #Web3 pic.twitter.com/dtJQsFLPOZ
— DogeVerse (@The_DogeVerse) May 31, 2024
At the current price of $0.00031, DV is valued at around $60 million. But this meme coin has he potential to go a lot higher.
Could it 10x to become a $600 million market cap coin? Well, there are many meme coins out there with market caps in this region with a much less compelling value proposition than Dogecoin.
Could new DOGE alternative Dogeverse 100x to $6 billion? Dogecoin (DOGE) has a $23 billion market cap, Shiba Inu (SHIB) is valued at $15 billion and Pepe (PEPE) $6.5 billion.
It would be a long shot. But other meme coins have shown it’s possible to reach these heights with a strong enough community.
Could Dogeverse 1,000x to $60 billion. Well, that’s highly unlikely but this is crypto. Never say never.
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